Will Oil Producers Do As They Say Or Do As They Sell?

14 Dec 2017   Shale Oil

North America’s oil producers have adopted a meek tone of late. But the numbers suggest they’re locked and loaded heading into 2018. North America’s oil producers have adopted a meek tone of late. But the numbers suggest they’re locked and loaded heading into 2018. Bloomberg New Energy Finance on Wednesday released an extensive new database (available only to Bloomberg Terminal clients), compiled by Peter Pulikkan, Bert Gilbert, Daniel McLaughlin and Jacob Fericy, detailing the hedging strategies of 53 U.S. and Canadian exploration and production companies. One thing that leaps out from all the data is just how much of next year’s oil and gas production has apparently been locked in already by E&P firms — with one important caveat. As I detailed here in April, producers […]

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